Many founders are blessed with brilliance. But that doesn’t mean that they inherently understand the complex finances and metrics needed to run a company effectively.
Octane raises $52M at a $900M+ valuation to help people finance large recreational purchases
Most of the time when people get loans, it’s for big life purchases such as a house or a car. But not every big purchase is a necessity. Some are more for fun, and the financing options for those types of buys — such as motorcycles and ATVs — are more limited. Today, Octane Lending, […]
Early Affirm employees raise $70M for SentiLink, an identity verification startup
SentiLink, an identity verification technology startup, has raised $70 million in a Series B funding round led by Craft Ventures. Felicis Ventures, Andreessen Horowitz (a16z) and NYCA also participated in the financing, which brings the company’s total raised to $85 million since its 2017 inception. The company declined to reveal at what valuation the money […]
Nubank co-leads $45 million investment in Indian neobank Jupiter
Industry veteran Jitendra Gupta’s neobank for consumers in India has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for Jupiter’s public launch in about a month. The new financing round, a Series B, was co-led by Brazil-based Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners. Mirae Assets […]
Enterprise AI 2.0: The acceleration of B2B AI innovation has begun
Two decades after businesses started deploying AI solutions, one can argue they’ve made little progress in achieving significant gains in efficiency relative to the hype that drove expectations.
Human Interest raises $200M at a $1B valuation, plans for an IPO
Less than six months after raising $55 million in a Series C round of funding, SMB 401(k) provider Human Interest today announced it has raised $200 million in a round that propels it to unicorn status. The Rise Fund, TPG’s global impact investing platform, led the round and was joined by SoftBank Vision Fund 2. […]
Reserve Trust raises $30.5M to become the ‘Stripe for B2B payments’
Reserve Trust, a Denver-based financial services provider, has raised $30.5 million in a Series A round led by QED Investors. FinTech Collective, Ardent Venture Partners, Flywire CEO Mike Massaro and Quovo founder and CEO Lowell Putnam also participated in the financing, which included $17.9 million in secondary shares. It brings the startup’s total raised since […]
Baleon Capital closes first fund to provide capital infusion to healthcare startups
Baleon Capital will invest in pre-Series A and Series A companies focused on health and medical care in the United States.
Financial concierge startup Zeni banks $34M to show SMBs their finances in real time
Zeni’s AI-powered finance concierge platform offers bookkeeping, accounting, tax and CFO services, essentially becoming a back-end controller for startups.
Naspers leads $11M investment in South African insurtech Naked
South African insurtech platform Naked has raised $11 million in a Naspers-led round. Existing investors, Yellowwoods and Hollard, also participated in the funding round. This comes barely two weeks after Naspers, via its early-stage tech investment vehicle Naspers Foundry, invested in another South African insurtech platform Ctrl in its $2.3 million Series B round. Naked’s […]